Kulzer & DiPadova Participates in CPA Bowl-A-Thon
Attorneys from Kulzer & DiPadova, P.A. participated in the 10th Annual Accountants/CPA Bowl-A-Thon on May 21, 2014 at the Playdrome in Cherry Hill. Pictured from left to right are; Douglas R. Madanick, Patrick J. McCormick, Daniel L. Mellor, Joseph M. Kempter and Briele N. Haas. About the CPA Bowl-A-Thon The Annual Accountants/CPA Bowl-A-Thon is…
The Ship May Not Have Sailed: It May Not be Too Late to Make a Portability Election
Recently, the Internal Revenue Service provided estate representatives and their advisors additional time to revisit and reconsider making a “portability” election for Decedents passing away in 2011, 2012 and 2013 opening up additional post-mortem planning opportunities. The concept of “portability” was introduced in December of 2010 under the Tax Relief, Unemployment Insurance Reauthorization,…
Tax Court Determines that a Trust Can Materially Participate
On March 27, the Tax Court issued a decision in Frank Aragona Trust, et al. v Commissioner, 142 TC 9 (2014). The case is very significant in that it held that a trust, through the activities of its trustees, could materially participate in an activity for purposes of the passive loss…
Estate Planning in a Decoupled State Post-ATRA for Married Clients Under the Federal Exclusion Amount
One of the more difficult challenges practitioners face is advising clients who are domiciled in decoupled states as to how to minimize state estate taxes and maximize the increases in available income tax basis to reduce the impact of the now higher capital gains taxes, all while addressing clients’ personal…
Best Lawyers in America 2014
Kulzer & DiPadova, P.A. was recently selected by its peers for inclusion in * Best Law Firms™ 2014 in New Jersey in the fields of Litigation – Tax, Litigation – Trusts & Estates, Tax Law, Trusts & Estates Law and Commercial Litigation. Best Lawyers in America© 2014 Six lawyers from Kulzer & DiPadova were…
Michael J. DeLaurentis Named Counsel to Firm
Kulzer & DiPadova, P.A. is pleased to announce that Michael J. DeLaurentis will now be of counsel to the firm. Mr. DeLaurentis received his law degree from Yale University and is a member of the Pennsylvania and California bars, and is licensed to practice before the United States Tax Court. Mr. DeLaurentis handles matters involving corporate,…
New Jersey Institute for Continuing Legal Education Seminars
Attorneys from Kulzer & DiPadova will be presenting at upcoming seminars this year. Glenn A. Henkel and Arthur A. DiPadova will be presenting at several New Jersey Institute for Continuing Legal Education seminars in the next few months. Mr. Henkel will be speaking at the 2014 Heckerling Institute Review on Thursday, February 13, 2014…
New Jersey Society for Certified Public Accountants’ Annual Tax Seminars
Attorneys from Kulzer & DiPadova are once again presenting in a series of seminars surrounding tax and law changes and updates. This year, James B. Evans, Jr., Daniel L. Mellor, Briele N. Haas, Patrick J. McCormick, Douglas R. Madanick, Joseph M. Kempter, Glenn A. Henkel and Michael A. Kulzer spoke…
OVDP Allows Clients with Foreign Assets to Avoid Drastic Tax Consequences
In recent years, the Internal Revenue Service has amped up enforcement of rules regarding offshore accounts held by United States residents. In many situations, parties who were unaware of reporting requirements can be assessed a crippling combination of back taxes owed, interest, and penalties. In certain circumstances, criminal prosecution for…
Estate Planning in New Jersey in 2013
BACKGROUND The 2012 American Taxpayer Relief Act (“ATRA”), signed into law in 2013 (or, as a 2012 Act, on December 31, 2012) has dramatically changed estate planning in many ways. The federal changes, an increased exemption of $5,250,000 per person and the concept of “portability” of estate tax exemptions, have dramatically changed…